Outside CFO Services

Why hire a CFO?

Companies typically hire a CFO or interim CFO for one of three reasons:

• They need someone immediately to replace an executive who is sick or has left
• They need someone for a finite period of time
• They need someone to handle a specific project such as implementing a new accounting software package

Many companies of all sizes need the services of a CFO but they may only need these services periodically, like once a month, quarter or year. A typical temporary assignment lasts 3 to 12 months.

What can hiring a CFO do for your company?

• Help fix your business
• Get the assistance you need in obtaining financing for your future projects
• Analyze and project your business cash flow
• Work aggressively to control expenses within your company
• Review financial information
• Manage risk
• Communicate with lenders
• Provide an action plan to maximize your company?s value and profits
• Free up your time to grow your business while they serve as your CFO
•  Enable your organization to have optimal bottom-line performance, with smoother, more efficient management.

Why hire a Proactive Professional Solutions CFO?

When you hire a Proactive Professional Solutions CFO, you get someone with:

• Prior experience as a CFO
• Advanced communication skills
• State of the art technology expertise
• A track record turning around difficult situations
• Deep-rooted accounting and finance experience
• It's a fraction of the cost of investing in an internal financial expert

Additional services a Proactive Professional Solutions CFO can offer:

• Developing and executing financial business strategies
• Overseeing financial control, management systems, and accounting processes
• Forecasting revenue and profitability
• Negotiating financial transactions
• Protecting existing investments
• Integrating new technology
• Adhering to state and federal regulations
• Contributing to marketing and sales strategically
• Building and maintaining banking relationships
• Providing business and financial leadership to your company and to your board

Bottom line

A great CFO must be a great strategic thinker, strong manager, have a strong business sense and have excellent finance skills, as well as communication and presentation skills. You?ll find all of that and much more with a Proactive Professional Solutions CFO.

Details of some of the services our CFOs-for-hire offer:

Budgeting Reports
Budgeting can be one of the most difficult tasks your management team has to perform. Unfortunately, it also one of the most important. Inaccurate budgeting can lead to harmful decisions and even the demise of your company. It is impossible to provide CFO services without addressing budgeting, and so we work with all of our customers to make sure they are considering all the possibilities that can effect both revenue and expenses, and that they are budgeting accordingly.

Capital raise & acquisitions

Highly specialized expertise in raising growth-capital including venture capital, growth equity, and subordinate or senior debt. Uniquely cost-effective advisory support for mergers & acquisitions (M&A) and recapitalization leveraging our world class CFO resources.

Business Strategy/Model Solutions

We help companies clarify key business needs and opportunities so you can determine financial priorities and direction, building on the hands-on experience of hundreds of CFOs and CIOs. Some of the solutions we offer are: IPO readiness, Liquidity for Growth, Raising Capital, Strategic Planning, and Transaction Support.

Business Performance Consulting ? PPS CFOs will review your financial statements and spend time in your field or facility to gather an overall view on where your business is headed. We visit with your key personnel to better understand the overall atmosphere and needs of your company. Our CFOs will analyze profit centers, find what needs to be changed and help you implement those changes.

Financial Statement Preparation and Analysis - Timely and accurate financial statements preparation is critical to the success or failure of a business. Timely and accurate financial statements preparation creates confidence, credibility, reliability and business awareness of the owner and senior management in the eyes of bankers and other financial institutions and investors who provide cash and working capital to the business. Bankers and other financial institutions are more apt to provide the necessary cash and working capital when they have confidence the owners and senior management know what's happening in the business. PPS CFOs work to create financial data that allows you to access pertinent information including cash flow, debt service demands and financial performance.

Risk Management Knowledge ? Poor risk management was a chief cause of the financial crisis, which is why banks and others are now busy implementing new risk policies and processes. But unless those organizations take an enterprise-wide approach to risk they are doomed to fail. In a recent financial services survey, when asked about their companies? current approaches to risk management, only 18 percent of respondents said they had a risk management strategy that was well-formulated across the business and fully implemented. PPS CFO?s are always thinking in terms of risk, will help your business establish risk parameters, measure the management of risk and establish a risk committee.

Financial Systems ? We offer a deep understanding of the specialized, mission-critical business processes that lie at the heart of today?s businesses and industries. From consulting services for business, technology or compliance to IT engagements to system back-up and recovery, our qualified professionals can help you drive your unique business strategies. Expect extensive knowledge of front, middle and back office system environments combined with comprehensive IT know-how and professional project management. We also train your staff to fully utilize any software so you receive the most benefit for your investment.

Banking Communication ? During this economic climate, it is vital to establish and maintain strong communication and a mutually-beneficial relationship with your floor plan lender. Now more than ever, managing this relationship as one of your most important business alliances is in your best interest. The banking industry is changing radically, The PPS CFOs will help you expertly navigate those changes,  take a proactive approach to your relationship with your lender, develop it as one of your most important business alliances, and ensure that your banker is invested in your business?s long-term goals.

• More time to focus on new services, new customers and other core business issues.

• Better understanding of the financial side of your business. So you have less surprises and more control over the money.

• Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.

• A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.

• The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.

• A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.

• Training and managing your accounting staff.

• Improved quality and timeliness of financial information.

• Budget preparation and monitoring.

• Profitability analysis by service or product line.

• Tax saving strategies.

• Trend analysis.

• Assistance in defining long-range plans and the quantification of goals.

• Cash management.

• Liaison with bankers, attorneys, vendors, insurance agents, etc.

• Assistance in obtaining financing from banks, including assistance with negotiations.

• Review/negotiation of insurance policies.

• Development of company accounting procedure manuals.

• Analysis of equipment purchases, expansions, etc.

• Mergers and acquisitions assistance

• Custom designed collection policies and procedures